This article first appeared on GuruFocus. Nvidia (NASDAQ:NVDA) is heading into a high-stakes earnings report as investors look for confirmation that the AI semiconductor rally still has room to run. The company reports after Wednesday's market close, with Wall Street expecting another strong print from chipmakers as Big Tech continues pouring capital into AI infrastructure. The setup is powerful b...
This article first appeared on GuruFocus. Nvidia (NASDAQ:NVDA) is heading into a high-stakes earnings report as investors look for confirmation that the AI semiconductor rally still has room to run. The company reports after Wednesday's market close, with Wall Street expecting another strong print from chipmakers as Big Tech continues pouring capital into AI infrastructure. The setup is powerful but tense: the Philadelphia Stock Exchange Semiconductor Index has climbed 60% this year, while Nvidia shares are up 18% in 2026 and 34% from their late-March low, despite losing 6.4% over the last three sessions. The bigger story is not just the quarter. Investors are watching whether Nvidia's results, guidance and management commentary could support confidence that AI infrastructure demand may extend beyond 2026 and into 2027 and 2028. Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG), Microsoft (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META) are planning as much as $725 billion in capital expenditures this year, with significantly more expected in 2027. Nvidia still holds a commanding share of the AI accelerator market, and rising expectations have made valuation look less stretched, with fiscal 2027 net income estimates up 13% and revenue estimates up 12% over the past three months. Still, the bar is high. Nvidia's stock has slipped the day after its last three earnings reports even after solid results, while the options market is pricing a 5.5% move in either direction after this report. Investors will likely focus on Blackwell sales, future demand for Rubin, and whether Nvidia can show that its newest chips are gaining strong traction. With Wall Street's average price target implying 26% upside over the next 12 months, the key question is whether Nvidia can keep investors comfortable with the duration of the AI buildout, even as growth is expected to slow from about 72% in fiscal 2027 to 34% in 2028.
This article first appeared on GuruFocus. Meta Platforms (NASDAQ:META) is pushing deeper into its AI-first reset as the company begins notifying thousands of employees that they are being laid off. The cuts started Wednesday morning across Asia, with employees receiving notices at 4 a.m. Singapore time, while US-based staff are expected to be notified during their morning. The company is encouragi...
This article first appeared on GuruFocus. Meta Platforms (NASDAQ:META) is pushing deeper into its AI-first reset as the company begins notifying thousands of employees that they are being laid off. The cuts started Wednesday morning across Asia, with employees receiving notices at 4 a.m. Singapore time, while US-based staff are expected to be notified during their morning. The company is encouraging staff to work from home as it cuts roughly 8,000 roles globally, with engineering and product teams expected to be hit in particular. Additional layoffs could also come later in the year, according to people familiar with the company's plans. The move comes as Mark Zuckerberg continues to make AI the center of Meta's next operating model. On Monday, Meta told employees that about 7,000 workers had been reassigned to newly created teams focused on AI initiatives, including products and agents. The company had just under 80,000 employees at the end of March, before the reassignments and layoffs. Meta's Head of People Janelle Gale said many organizations can now operate with flatter structures and smaller teams that move faster with more ownership, framing the reset as a productivity push as the company directs more resources toward AI. For investors, the key tension is cost discipline versus the size of Meta's AI spending commitment. Meta has committed well over $100 billion to AI capital expenditures this year, while projected capital expenditures could reach $145 billion. Evercore analysts estimate the layoffs could generate about $3 billion in savings, which would only offset a small portion of Meta's broader AI infrastructure buildout. That leaves investors watching whether Zuckerberg's aggressive AI pivot can eventually justify the spending, especially as employee anxiety, internal pushback over data collection, and morale concerns add another layer of execution risk.
Jeff Bezos has a message for New York City Mayor Zohran Mamdani: The villain strategy won’t work. In an interview with CNBC‘s Andrew Ross Sorkin on Wednesday, the Amazon founder weighed in on the viral Tax Day video that Mamdani filmed outside Citadel CEO Ken Griffin’s $238 million Manhattan penthouse—a stunt designed to build public support for a proposed pied-à-terre tax on luxury second homes. ...
Jeff Bezos has a message for New York City Mayor Zohran Mamdani: The villain strategy won’t work. In an interview with CNBC‘s Andrew Ross Sorkin on Wednesday, the Amazon founder weighed in on the viral Tax Day video that Mamdani filmed outside Citadel CEO Ken Griffin’s $238 million Manhattan penthouse—a stunt designed to build public support for a proposed pied-à-terre tax on luxury second homes. Bezos said the move reflected a time-honored but ultimately hollow political tactic. “When you don’t know how to solve a problem, create a villain, blame them,” Bezos told Sorkin on Squawk Box. “But it won’t solve the problem. The only thing that will solve the problem is skill.” Bezos, who owns a residence in New York City and would himself likely be subject to the proposed tax, notably did not oppose the policy. He called a pied-à-terre tax “a fine thing for New York to do,” comparing it to hotel taxes—levies on out-of-towners that tend to be popular precisely because they fall on people who can’t vote against them. “If you raise the hotel taxes too much, tourists stop coming,” he said. “So you have to be judicious.” But Bezos drew a firm line between the policy debate and what he called the unjustified targeting of Griffin personally. “The second piece, which is not so good, is to go stand in front of Ken Griffin’s house and act like he’s some kind of villain,” he said. “Ken Griffin isn’t a villain. He hasn’t hurt anybody. He’s not hurting New York. In fact, quite the opposite.” Mamdani’s April 14 video—posted to social media on Tax Day and filmed outside Griffin’s Central Park South penthouse—was a deliberate provocation. It announced New York’s first-ever pied-à-terre tax proposal, backed by Gov. Kathy Hochul, which would levy an annual surcharge on non-primary residences valued at $5 million or more. The proposal is projected to generate roughly $500 million a year to help close the city’s budget gap. Griffin didn’t take the video quietly. The Citadel CEO called it “c...
This article first appeared on GuruFocus. Alphabet (NASDAQ:GOOG) is making one of its biggest AI moves yet, with Google redesigning its iconic search box and rolling out new artificial intelligence coding tools as it tries to strengthen its position in the AI race. The company is reshaping search for longer and more complex queries, while also preparing agent-based features that could help users t...
This article first appeared on GuruFocus. Alphabet (NASDAQ:GOOG) is making one of its biggest AI moves yet, with Google redesigning its iconic search box and rolling out new artificial intelligence coding tools as it tries to strengthen its position in the AI race. The company is reshaping search for longer and more complex queries, while also preparing agent-based features that could help users track topics, make reservations and monitor health. Some of these tools will initially be limited to paying subscribers, showing how Google is possibly turning AI search into both a usage driver and a premium product opportunity. CEO Sundar Pichai said AI is lighting up every part of the company at Google's annual developer conference in Mountain View, framing the rollout as part of a broader push to rebuild Google around artificial intelligence. The company said Gemini's popularity has more than doubled over the past year, reaching 900 million monthly users, while Pichai said Google's AI shift has helped increase search usage. That matters for investors because Google is not just defending search from OpenAI and Anthropic, but also trying to create new monetization paths through Gemini, paid AI plans and developer tools. The developer push could be especially important as Google works to close the gap in AI coding. The company introduced new tools under Antigravity, a platform released last year after Google acquired Windsurf talent and technology in a $2.4 billion deal, and unveiled Gemini 3.5 Flash as its best coding model yet. Alphabet shares trimmed some losses Tuesday but were still down about 1.7% at $390.20 at 2:32 p.m. in New York, suggesting investors may still be weighing whether Google's AI momentum can translate into stronger growth across search, subscriptions and coding tools.
This article first appeared on GuruFocus. IDG Capital is trying to reload at a potentially important moment for China-focused private markets. The Hong Kong-based investment firm, known for backing Tencent Holdings (TCEHY) and Coinbase Global (NASDAQ:COIN), is seeking to raise about $2 billion for a new growth fund, according to people familiar with the matter. The fund is expected to invest in co...
This article first appeared on GuruFocus. IDG Capital is trying to reload at a potentially important moment for China-focused private markets. The Hong Kong-based investment firm, known for backing Tencent Holdings (TCEHY) and Coinbase Global (NASDAQ:COIN), is seeking to raise about $2 billion for a new growth fund, according to people familiar with the matter. The fund is expected to invest in consumer technology and other consumer-focused companies in countries including China, with fundraising said to have started about two months ago and a first close targeted before the end of this year. The move comes as global capital is slowly circling back toward China's venture and private equity ecosystem. China-focused managers have been trying to raise dollar-denominated funds from sovereign wealth funds, family offices and endowments, while fundraising activity has picked up since last year as firms look to rebuild capital for the next wave of AI, biotech and consumer companies. At least six major Chinese venture firms sought new dollar funds last year, and private equity names including Boyu Capital, Hillhouse Investment Management and Primavera Capital have also been in the market recently. For investors, the setup is promising but still complicated. The rise of China's AI breakouts such as DeepSeek has possibly helped revive optimism that the country can compete in the AI race, but fundraising remains well below the boom seen around five years ago before Beijing's tech crackdown weighed on the sector. Many US pensions and endowments have pulled back from China exposure, Washington remains highly sensitive around investments in areas such as semiconductors and AI, and Chinese companies also have more listing alternatives as Hong Kong's equity capital market stays busy and some firms unwind red-chip structures to pursue mainland incorporation ahead of potential Hong Kong listings.
Israel’s far-right national security minister, Itamar Ben-Gvir, has sparked a diplomatic crisis by publishing footage of Israeli security forces abusing international activists who were detained as they tried to sail to Gaza with aid. There was a rapid and furious response from countries whose citizens were onboard the boats, including the UK, Canada, Germany, the Netherlands, Spain and Ireland, i...
Israel’s far-right national security minister, Itamar Ben-Gvir, has sparked a diplomatic crisis by publishing footage of Israeli security forces abusing international activists who were detained as they tried to sail to Gaza with aid. There was a rapid and furious response from countries whose citizens were onboard the boats, including the UK, Canada, Germany, the Netherlands, Spain and Ireland, in many cases delivered in person from the top of government. The US ambassador to Israel, Mike Huckabee, one of the country’s staunchest allies, described Ben-Gvir’s behaviour as “despicable” and said the minister had “betrayed the dignity of his nation”. The video includes images of dozens of men and women kneeling in rows, with their foreheads to the ground and their hands zip-tied behind their back. Ben-Gvir appears waving an Israeli flag, mocking and taunting the detainees, including shouting: “The people of Israel live” in the face of one bound man. 1:03 Israeli minister Ben-Gvir posts video taunting detained Gaza flotilla activists – video Italy’s prime minister, Giorgia Meloni, said the images were “unacceptable”, and demanded the release of all Italian citizens involved, along with an apology for the mistreatment and the display of “total contempt” toward the Italian government. “It is inadmissible that these demonstrators, including many Italian citizens, are subjected to this treatment that violates human dignity,” Meloni said in a long statement posted on social media. The Spanish foreign minister called the treatment “monstrous, disgraceful and inhumane”. His British counterpart, Yvette Cooper, said she was “truly appalled” by the video, which “violates the most basic standards of respect and dignity in the way people should be treated”, and added that she was in touch with the families of British citizens held by Israel. More than 400 activists from 40 countries, travelling on 50 vessels, took part in the flotilla, organisers said. It set off from Turkey carryi...
This article first appeared on GuruFocus. OpenAI is deepening its Singapore bet through a multiyear partnership with the local government, giving the city-state another high-profile AI win as it pushes to become a trusted global technology hub. The ChatGPT maker said it will spend more than S$300 million, or $234 million, to establish its first applied AI lab outside the US, while expanding its Si...
This article first appeared on GuruFocus. OpenAI is deepening its Singapore bet through a multiyear partnership with the local government, giving the city-state another high-profile AI win as it pushes to become a trusted global technology hub. The ChatGPT maker said it will spend more than S$300 million, or $234 million, to establish its first applied AI lab outside the US, while expanding its Singapore-based technical team to more than 200 roles over the next few years. The move puts OpenAI, backed by Microsoft (NASDAQ:MSFT) and Nvidia (NASDAQ:NVDA), into a broader race for government partnerships as AI competition intensifies against rivals including Anthropic and Alphabet (NASDAQ:GOOG)'s Google. The new Singapore lab is expected to support AI adoption across public service, finance, health care and digital infrastructure, while also working with startups in the city-state. Singapore's AI push is becoming increasingly visible. Prime Minister Lawrence Wong's administration has focused on training citizens and reinforcing social safety nets as workers adapt to faster job-market shifts, while Google has expanded its own AI partnership with Singapore's government and Nvidia is setting up a new AI research lab in the country. For investors, the message is straightforward: Singapore may be a small domestic market, but its global networks and trusted technology adoption record could keep drawing major AI players into the city-state.
This article first appeared on GuruFocus. Alibaba (NYSE:BABA) is deepening its AI hardware push with the launch of the Zhenwu M890, a new AI accelerator from its T-Head chipmaking unit that adds another layer to the company's expanding full-stack AI strategy. Unveiled in Hangzhou on Wednesday, the processor comes with 144GB of GPU memory and is designed to support both training and inferencing wor...
This article first appeared on GuruFocus. Alibaba (NYSE:BABA) is deepening its AI hardware push with the launch of the Zhenwu M890, a new AI accelerator from its T-Head chipmaking unit that adds another layer to the company's expanding full-stack AI strategy. Unveiled in Hangzhou on Wednesday, the processor comes with 144GB of GPU memory and is designed to support both training and inferencing workloads. Alibaba said the chip will be particularly suitable for agentic tasks, giving investors another signal that the company is trying to build across the full AI stack, from chip design and server operations to model development and cloud service support. The move follows CEO Eddie Wu's pledge last year that Alibaba would work toward full-stack AI capability. The company also plans to upgrade the Zhenwu chip every year, moving its product cycle closer to the pace of Nvidia (NASDAQ:NVDA), while preparing to list its chip design business to capture investor appetite for Chinese alternatives. One configuration, the Panjiu AL128 Supernode Server, will integrate 128 AI accelerators into one server rack, potentially strengthening Alibaba's ability to offer more complete AI infrastructure rather than only software or cloud services. T-Head has delivered 560,000 units across the Zhenwu product family, and Alibaba said its processors have been deployed by more than 400 external customers. China Unicom is already a major client, while automakers and financial services companies are also using the hardware, according to Alibaba. The company also released Qwen 3.7-Max, a foundational model optimized for coding and agentic jobs, extending its Qwen lineup as Alibaba shifts further toward monetizing AI after a March structural revamp.
bradwieland/iStock via Getty Images Homebuilding stocks were surging after the House passed a new version of the housing bill. The amended bill includes restrictions on institutional investors buying single-family homes, but removes a requirement that would compel developers to sell newly constructed rental homes within seven years, The Wall Street Journal reported on Wednesday. The House approved...
bradwieland/iStock via Getty Images Homebuilding stocks were surging after the House passed a new version of the housing bill. The amended bill includes restrictions on institutional investors buying single-family homes, but removes a requirement that would compel developers to sell newly constructed rental homes within seven years, The Wall Street Journal reported on Wednesday. The House approved the bill by a vote of 396-13, the report noted. Top homebuilder stocks were gaining during afternoon trading in the wake of the report: Toll Brothers ( TOL ) - +8.16% to $134.27 Dream Finders Homes ( DFH ) - +7.16% to $13.47 Cavco Industries ( CVCO ) - +5.90% to $492.15 Smith Douglas Homes ( SDHC ) - +5.63% to $11.45 LGI Homes ( LGIH ) - +5.52% to $42.81 Hovnanian Enterprises ( HOV ) - +4.11% to $97.98 Beazer Homes ( BZH ) - +4.44% to $22.60 Champion Homes ( SKY ) - +4.37% to $68.08 D.R. Horton ( DHI ) - +4.13% to $140.29 Lennar ( LEN ) - +3.98% to $86.30 PulteGroup ( PHM ) - +3.85% to $115.32 Meritage Homes ( MTH ) - +3.71% to $63.13 Installed Building Products ( IBP ) - +3.38% to $211.39 KB Home ( KBH ) - +3.46% to $46.60 Taylor Morrison Home ( TMHC ) - +3.15% to $56.92 Century Communities ( CCS ) - +2.95% to $49.87 TopBuild ( BLD ) - +2.91% to $409.83 M/I Homes ( MHO ) - +2.81% to $125.83 NVR ( NVR ) - +2.59% to $5,923.00 Green Brick Partners ( GRBK ) - +2.41% to $64.98 Single-family residential REITs that were gaining include: Invitation Homes ( INVH ) - +1.01% to $28.95 American Homes 4 Rent ( AMH ) - +0.91% to $32.00 UMH Properties ( UMH ) - +0.53% to $15.29 More on related tickers Taylor Morrison Home Remains Deeply Undervalued Even As Havoc Reigns LGI Homes Is Still Too Expensive To Justify An Upgrade Smith Douglas Homes Corp.: Rating Upgrade On Demand Showing Signs Of Recovery Hovnanian Q2 Earnings Preview Toll Brothers trades higher after FQ2 earnings beat, guidance raise
"Fidel Castro knew beforehand who was going to fly that day, which planes were going to fly, and the route they were going to take," Blanco said, adding that Castro's intelligence services had a spy in the Brothers to the Rescue group.
"Fidel Castro knew beforehand who was going to fly that day, which planes were going to fly, and the route they were going to take," Blanco said, adding that Castro's intelligence services had a spy in the Brothers to the Rescue group.
Airbnb’s core business was letting users book a room or a whole property owned by someone else. In most cases, the host would be a house or a property owner, and you would get a stay with basic services such as a bed, a bath, and a kitchen. The company is now introducing hotels to its platform to drive new revenue and offer more options for travelers to book stays. The company has been testing out...
Airbnb’s core business was letting users book a room or a whole property owned by someone else. In most cases, the host would be a house or a property owner, and you would get a stay with basic services such as a bed, a bath, and a kitchen. The company is now introducing hotels to its platform to drive new revenue and offer more options for travelers to book stays. The company has been testing out hotel listings for a few months and is officially adding a filter to search for them in its app. Initially, the travel tech company is partnering with boutique hotels in 20 cities, including New York, Paris, London, Madrid, Rome, and Singapore. Image Credits: Airbnb Image Credits:Airbnb Users will see a pop-up to look at hotels if they are searching for a stay for one or two nights in a city. They can also choose to see only hotels by applying a particular filter in the search. Airbnb said that it is offering a price match guarantee and would refund the difference in app credits if you find the listing at a lower rate somewhere else. “There are a few examples of the types of trips for which a hotel is probably better suited, such as last-minute bookings, one-night stays, and business trips. What we’ve done in the Airbnb app is that when we can see you’re searching for that kind of stay, we can recommend hotels without sending you to another part of the app or tapping on another tab,” Jud Coplan, VP of marketing at Airbnb, told TechCrunch in a call. For Airbnb, this is also an opportunity to offer stays to travelers in locations like New York City and Singapore, where short-term stays are barred. Property booking is just one part of the equation now for Airbnb. The company also wants users to book experiences and services, which were launched last year, during their trip as well. In the last few months, the company has launched grocery delivery to properties and airport pickup services. With its summer launch, Airbnb is adding luggage storage in over 15,000 locations. Plus,...
VanderWolf-Images Airbus ( EADSF ) ( EADSY ) has warned some airline customers about additional delays to A350 deliveries expected later in the decade, Reuters reported Wednesday, citing three industry sources, adding to concerns about production issues tied to a recently acquired U.S. manufacturing facility. The delays are said to stem largely from continued difficulty securing key fuselage compo...
VanderWolf-Images Airbus ( EADSF ) ( EADSY ) has warned some airline customers about additional delays to A350 deliveries expected later in the decade, Reuters reported Wednesday, citing three industry sources, adding to concerns about production issues tied to a recently acquired U.S. manufacturing facility. The delays are said to stem largely from continued difficulty securing key fuselage components from the former Spirit AeroSystems factory in Kinston, North Carolina. The site became part of Airbus last year as the European aircraft maker took control of selected Spirit operations while most of the supplier’s business reverted to Boeing. Airbus ( EADSF ) ( EADSY ) is encountering disruptions involving cargo doors produced in Spain for the upcoming A350 Freighter program. A company spokesperson told Reuters that the A350 Freighter remains on schedule for its maiden flight later this year, with first customer deliveries still targeted for 2027. The Kinston facility, a 500,000-square-foot plant equipped with automated manufacturing systems, produces composite upper-fuselage panels for the A350 as well as carbon-fiber wing spars. The transition of the factory into Airbus ownership has proven more complicated than expected. Staffing shortages have reportedly contributed to the difficulties, with some workers choosing to return to former Spirit AeroSystems operations now aligned with Boeing ( BA ), Reuters reported. Airbus ( EADSF ) ( EADSY ) executives recently told analysts they had not uncovered any major surprises at the Kinston operation. Still, Chief Financial Officer Thomas Toepfer acknowledged the complexity of deploying European specialists to the U.S. site to support production increases and operational integration. More on Airbus SE Airbus SE (EADSY) Q1 2026 Earnings Call Transcript Airbus SE 2026 Q1 - Results - Earnings Call Presentation Boeing Is Beating Airbus Where It Matters Most Airbus is said to tighten spending as supply chain strains pressure jetli...
Worawith Ounpeng Soon after reaching a research pact worth up to $2.3B with Regeneron ( REGN ), clinical-stage biopharma Parabilis Medicines ( PBLS ) has submitted regulatory filings with the Securities and Exchange Commission seeking a U.S. IPO. According to an S-1 filing submitted to the SEC on Tuesday, the Cambridge, Massachusetts-based firm, which focuses on developing a peptide-based treatmen...
Worawith Ounpeng Soon after reaching a research pact worth up to $2.3B with Regeneron ( REGN ), clinical-stage biopharma Parabilis Medicines ( PBLS ) has submitted regulatory filings with the Securities and Exchange Commission seeking a U.S. IPO. According to an S-1 filing submitted to the SEC on Tuesday, the Cambridge, Massachusetts-based firm, which focuses on developing a peptide-based treatment class called "Helicons," proposes to trade on Nasdaq under the ticker symbol "PBLS." The filing came a day after Regeneron ( REGN ) announced a research collaboration with Parabilis ( PBLS ) to explore the potential of Helicons against previously undruggable targets and deliver its VelocImmune-derived antibodies to relevant cells. As part of the deal, Parabilis ( PBLS ) is expected to receive $125M from Regeneron ( REGN ), including $50M upfront and $75M in equity, in addition to potential milestone payments plus tiered royalties worth up to ~$2.2B. Parabilis ( PBLS ) didn’t disclose how many shares it plans to offer or the price range it is eyeing for the IPO. However, the company did disclose that net proceeds from the offering, REGN’s private placement, as well as its cash and cash equivalents, will be utilized to advance its lead product candidate, zolucatetide, among other things. Developed using PBLS' Helicon discovery platform, the tumor candidate is expected to undergo a global registrational Phase 3 trial in H1 2027 targeting patients with a rare soft tissue cancer called desmoid tumors. More on Parabilis Medicines, Inc., Regeneron Pharmaceuticals Regeneron: Time To Forget Fianlimab (Rating Upgrade) Regeneron Pharmaceuticals, Inc. (REGN) Presents at Bank of America Global Healthcare Conference 2026 Transcript Regeneron Pharmaceuticals, Inc. (REGN) Q1 2026 Earnings Call Transcript Biggest stock movers Monday: NBIS, UNH, REGN, D, and more Regeneron hit with late-stage trial setback for Libtayo combo against Merck’s Keytruda
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks are rallying on Wednesday with the AI trade re-claiming its leadership. It's the first positive session for the S & P 500 since last Thursday. Helping support the market was the decline in oil prices and interest rates af...
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks are rallying on Wednesday with the AI trade re-claiming its leadership. It's the first positive session for the S & P 500 since last Thursday. Helping support the market was the decline in oil prices and interest rates after President Donald Trump told reporters that peace deal negotiations with Iran were in the "final stages." We've heard similar comments before, so we need to stay grounded about what actually happens next. Still, it's hard to ignore the impact his remarks have on the markets. Oil fell roughly 5%, bringing U.S. benchmark West Texas Intermediate crude falling below $100 per barrel for the first time since May 11. Bond yields moved lower too, with the 10-year yield dropping below 4.6%. A labor strike at Samsung was averted at the last minute, as the South Korean electronics and semiconductor manufacturing giant reached a tentative deal with the labor union. It's positive news for the semiconductor ecosystem because a strike could have disrupted operations and added stress to an already supply constrained ecosystem. Samsung is one of Club name Qnity Electronics' largest customers, though management downplayed concerns about any significant impact from the strike during last week's earnings call. China confirmed on Wednesday a deal to purchase 200 Boeing planes. The number is consistent with what Trump told Fox News last week. It's still unclear what type of aircraft the order is for. It's the first Boeing order from this important aerospace market in many years. But, as a reminder, the number was viewed as a major disappointment because the expectation was an order of about 500 planes. We would have liked to see a bigger number, but the reality is that Boeing's backlog is so large that it will take many years to fulfil its orders. What's more important to the story today is s...
juststock/iStock via Getty Images Management Johan Åkesson, CFA Senior Portfolio Manager Industry: 1993 Fund: 2022 Stephanie Woepfel Senior Portfolio Manager Industry: 2004 Fund: 2023 Performance factors Geopolitical events continue to cause tumult in global credit markets, and the municipal market is not immune. The rise in oil prices is creating worries of, at least in the short term, inflation ...
juststock/iStock via Getty Images Management Johan Åkesson, CFA Senior Portfolio Manager Industry: 1993 Fund: 2022 Stephanie Woepfel Senior Portfolio Manager Industry: 2004 Fund: 2023 Performance factors Geopolitical events continue to cause tumult in global credit markets, and the municipal market is not immune. The rise in oil prices is creating worries of, at least in the short term, inflation increases and potentially a global economic slowdown. The US is somewhat protected, being a net exporter of oil. The difficulty in determining this type of risk combined with a daily changing news flow has led to large movements in the yield curve. The positioning of the Fund's holdings on the municipal yield curve continues to be the dominant factor in portfolio performance. During 2025 the 10- to 15-year maturities saw very strong demand and significant outperformance vs shorter and longer maturities. The first quarter of 2026 saw a reversal and the 10- to 15-year has been the clear laggard. In March, the 10-year part of the yield curve backed up 60 basis points versus 30 basis points for the 30-year. The strongest part of the yield curve was the front end with cash being king. The Fund benefited from a barbell portfolio, having increased the cash level in early January. This combined with the Fund traditionally having a heavier weighting of securities in the longer part of the yield curve, favorably setting up the portfolio for a move like we experienced in March. The market digested a manageable amount of first-quarter supply, with most deals finding buyers. Some intermediate maturities, however, saw pressure; the 10-year municipal-to-Treasury ratio moved from roughly 67% at the beginning of the year to about 72% at the end of March. Gas prepay debt that was a very strong sector in 2025 with many large deals, typically with 10-year max maturities, had a rough first quarter with the markets underperformance in that part of the curve combined with worries around exposure ...
Earnings Call Insights: Dorian LPG Ltd. (LPG) Q4 fiscal 2026 Management view Chairman of the Board, President & CEO John Hadjipateras said the company is framing fleet and capital allocation decisions around replacement economics and volatility, noting, “In the next few years, we hope to expand our fleet by adding new ships and expect that the catalyst of our -- for our investment in replacement t...
Earnings Call Insights: Dorian LPG Ltd. (LPG) Q4 fiscal 2026 Management view Chairman of the Board, President & CEO John Hadjipateras said the company is framing fleet and capital allocation decisions around replacement economics and volatility, noting, “In the next few years, we hope to expand our fleet by adding new ships and expect that the catalyst of our -- for our investment in replacement tonnage will be innovation in the design and efficiency of new buildings.” Hadjipateras described balance-sheet discipline as central to risk management, saying, “And our intention is, as always, with our capital allocation to proceed judiciously, mindful of our steadfast commitment to maintaining a solid balance sheet.” Quote (CFO, Treasurer and Principal Financial & Accounting Officer Theodore Young) “At March 31, 2026, we reported $327.4 million of free cash, which was sequentially up from the previous quarter. Cash flow from operations was $82 million or nearly $2 per share.” Quote (Chief Commercial Officer Tim Hansen) “While global seaborne LPG transport was down for the quarter to levels not seen since the first calendar quarter in 2024, the decline was driven by the de facto closure of the Strait of Hormuz.” Outlook Quote (CFO, Treasurer and Principal Financial & Accounting Officer Theodore Young) “We expect our cash cost per day for the coming year to be approximately $26,000 per day, excluding capital expenditures for the dry docking of the Captain John, which is currently planned for our fourth fiscal quarter.” Quote (CFO Young) “We plan to issue our forward booking information in the near future.” Quote (Chief Commercial Officer Tim Hansen) “The LPG is still in short supply in the world, and we are seeing if it lasts for longer, it will result in demand destruction.” Financial results Quote (CFO, Treasurer and Principal Financial & Accounting Officer Theodore Young) “For the March 31 quarter, the Helios Pool earned a TCE per day for its spot and COA voyages of $65...
The Federal Reserve overall appeared markedly more hawkish than they were at the beginning of the year, according to the minutes of the Federal Open Market Committee's April 28-29 meeting released on Wednesday. For one thing, they see conditions where rates could stay at their current level for longer than they previously expected. Moreover, most envisioned a scenario where a rate increase could b...
The Federal Reserve overall appeared markedly more hawkish than they were at the beginning of the year, according to the minutes of the Federal Open Market Committee's April 28-29 meeting released on Wednesday. For one thing, they see conditions where rates could stay at their current level for longer than they previously expected. Moreover, most envisioned a scenario where a rate increase could be the next move. Policymakers generally agreed that uncertainty stemming from the Middle East conflict and elevated inflation " could necessitate maintaining the current policy stance for longer than previously anticipated," the minutes said. In the discussion about a potential rate hike, "a majority of participants highlighted, however, that some policy firming would likely become appropriate if inflation were to continue to run persistently above 2%," the minutes said. Still, there were "several" participants who said it "would likely be appropriate to lower the target range for the federal funds rate once there are clear indications that disinflation is firmly back on track or if solid signs emerge of greater weakness in the labor market." The committee kept the federal funds rate target range unchanged at 3.50%-3.75% for the third consecutive meeting and the last meeting that Jerome Powell would head as Fed chair. As he said after the meeting, Powell will stay on the central bank's board as a governor until the Inspector General's investigation into him has been resolved. Kevin Warsh is scheduled to be sworn in as the next Fed chair on Friday. The summary of the April 28-29 meeting also indicated that upside risks to inflation and downside risks to employment remained elevated. The Fed may be able to resume rate cuts if the Middle East conflict ends soon and if " the effects of higher tariffs and energy prices on inflation were to dissipate in line with their expectations," the minutes said. For this meeting, all but one of the FOMC members voted to keep rates unchanged...
Image source: The Motley Fool. Wednesday, May 13, 2026 at 5:30 p.m. ET CALL PARTICIPANTS Chief Executive Officer — Khurram Sheikh Chief Financial Officer — Joy Mbanugo Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Revenue -- $950,000, a decrease from $1.02 million in the previous quarter, attributed to timing of deal closures and contract revenue recognition patterns. ...
Image source: The Motley Fool. Wednesday, May 13, 2026 at 5:30 p.m. ET CALL PARTICIPANTS Chief Executive Officer — Khurram Sheikh Chief Financial Officer — Joy Mbanugo Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Revenue -- $950,000, a decrease from $1.02 million in the previous quarter, attributed to timing of deal closures and contract revenue recognition patterns. -- $950,000, a decrease from $1.02 million in the previous quarter, attributed to timing of deal closures and contract revenue recognition patterns. Subscription Revenue Mix -- 98%, up from 96% in Q4, indicating higher predictability in recurring revenues. -- 98%, up from 96% in Q4, indicating higher predictability in recurring revenues. Gross Margin -- 83%, down from 87% in Q4, due to incremental infrastructure investments supporting AI rollout and Google Cloud partnership. -- 83%, down from 87% in Q4, due to incremental infrastructure investments supporting AI rollout and Google Cloud partnership. Cash Balance -- $12.3 million, increased from $11.1 million at the end of Q4, reflecting improved working capital management despite higher operating expenses. -- $12.3 million, increased from $11.1 million at the end of Q4, reflecting improved working capital management despite higher operating expenses. Earnings per Share -- Negative $0.08, an improvement from negative $0.13 in Q4, primarily due to normalized expenses and operating leverage. -- Negative $0.08, an improvement from negative $0.13 in Q4, primarily due to normalized expenses and operating leverage. Total Operating Expenses -- $1.87 million decline quarter over quarter; excluding a Q4 $2.15 million goodwill impairment, underlying expenses increased $278,000, or 6%. -- $1.87 million decline quarter over quarter; excluding a Q4 $2.15 million goodwill impairment, underlying expenses increased $278,000, or 6%. Bookings -- $1.4 million, up 12.5% year over year and 19% above internal forecast; driven by 3 enterprise deal...
Bill Ackman -- the billionaire investor and CEO of hedge fund Pershing Square -- made two big disclosures on X (formerly Twitter) last week. On Friday, May 15, he revealed that Pershing Square had quietly built a 5.65 million-share position in Microsoft (MSFT +0.72%) during the first quarter. The next day, he confirmed that the firm had funded the new bet by fully exiting its multi-year long inves...
Bill Ackman -- the billionaire investor and CEO of hedge fund Pershing Square -- made two big disclosures on X (formerly Twitter) last week. On Friday, May 15, he revealed that Pershing Square had quietly built a 5.65 million-share position in Microsoft (MSFT +0.72%) during the first quarter. The next day, he confirmed that the firm had funded the new bet by fully exiting its multi-year long investment in Alphabet (GOOG 0.44%)(GOOGL 0.13%) -- Google's parent company. Naturally, the move turned heads. Alphabet has been one of the market's clearest artificial intelligence (AI) winners this year, with shares climbing roughly 23% year to date and even hitting all-time highs at one point in mid-May. The Windows maker, meanwhile, is down about 14% year to date as of this writing, trading far below its 52-week high of more than $555. Ackman insists the trade isn't a bet against Google. "To be clear, our sale of $GOOG was not a bet against the company," he wrote on X. "We are very bullish long term on Alphabet. But at current valuations and in light of our finite capital base, we used $GOOG as a source of funds for $MSFT." So, what's actually going on here? And should everyday investors mirror the trade? Inside Ackman's Microsoft bet According to Ackman's comments on X, the firm started accumulating Microsoft shares in February -- right after the software giant's fiscal second-quarter report triggered a sharp sell-off over softer Azure growth and a planned ramp in AI spending. Ackman said the firm built the position at about 21 times forward earnings. Additionally, Ackman argued that Microsoft 365 -- the company's productivity suite -- is "tightly integrated into the daily workflow of nearly every large enterprise" and tough to dislodge. He is also leaning hard on what he sees as the market's underappreciation of Microsoft's roughly 27% economic interest in ChatGPT-maker OpenAI, a position he pegs at about $200 billion -- or roughly 7% of Microsoft's total market capitaliza...
Key Points The Bill Ackman-led Pershing Square fully exited its Alphabet position and built a 5.65 million-share Microsoft stake last quarter. Microsoft shares have lagged the broader market this year, while Alphabet stock has rallied near all-time highs. Microsoft's cloud rivals saw growth accelerate meaningfully in their most recent quarters. 10 stocks we like better than Microsoft › Bill Ackman...
Key Points The Bill Ackman-led Pershing Square fully exited its Alphabet position and built a 5.65 million-share Microsoft stake last quarter. Microsoft shares have lagged the broader market this year, while Alphabet stock has rallied near all-time highs. Microsoft's cloud rivals saw growth accelerate meaningfully in their most recent quarters. 10 stocks we like better than Microsoft › Bill Ackman -- the billionaire investor and CEO of hedge fund Pershing Square -- made two big disclosures on X (formerly Twitter) last week. On Friday, May 15, he revealed that Pershing Square had quietly built a 5.65 million-share position in Microsoft (NASDAQ: MSFT) during the first quarter. The next day, he confirmed that the firm had funded the new bet by fully exiting its multi-year long investment in Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) -- Google's parent company. Naturally, the move turned heads. Alphabet has been one of the market's clearest artificial intelligence (AI) winners this year, with shares climbing roughly 23% year to date and even hitting all-time highs at one point in mid-May. The Windows maker, meanwhile, is down about 14% year to date as of this writing, trading far below its 52-week high of more than $555. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Ackman insists the trade isn't a bet against Google. "To be clear, our sale of $GOOG was not a bet against the company," he wrote on X. "We are very bullish long term on Alphabet. But at current valuations and in light of our finite capital base, we used $GOOG as a source of funds for $MSFT." So, what's actually going on here? And should everyday investors mirror the trade? Inside Ackman's Microsoft bet According to Ackman's comments on X, the firm started accumulating Microsoft shares in February -- right after the software giant's fiscal s...
July NY world sugar #11 (SBN26) today is down -0.25 (-1.67%), and Aug London ICE white sugar #5 (SWQ26) is up +0.10 (+0.02%). Sugar prices gave up an early advance today and are trading mixed. Sugar prices came under pressure after crude oil prices (CLN26) plunged by more than -5% today, which undercuts ethanol prices and could persuade global sugar mills to divert more cane crushing to sugar prod...
July NY world sugar #11 (SBN26) today is down -0.25 (-1.67%), and Aug London ICE white sugar #5 (SWQ26) is up +0.10 (+0.02%). Sugar prices gave up an early advance today and are trading mixed. Sugar prices came under pressure after crude oil prices (CLN26) plunged by more than -5% today, which undercuts ethanol prices and could persuade global sugar mills to divert more cane crushing to sugar production rather than ethanol, boosting sugar supplies. Don’t Miss a Day: On Monday, sugar prices fell to 1-week lows after the ISO forecast a record global sugar crop for the 2025/26 season and raised its global surplus estimate. The ISO forecasts 2025/26 global sugar production at a record 182 MMT, up +3.5% y/y, and raised its 2025/26 global sugar surplus estimate to 2.2 MMT from a February forecast of 1.22 MMT, rebounding from a -3.46 MMT deficit in 2024-25. Sugar prices have support on projections from the International Sugar Organization (ISO) that 2026/27 global sugar production will fall -1.15 y/y to 180 MMT, and that there will be a global sugar deficit of 262,000 MT, citing the potential impact of an El Niño weather pattern on harvests in India and Thailand. Last Monday, Citigroup projected Brazil's 2026/27 sugar production at 39.50 MMT, well below Conab's estimate of 43.95 MMT, citing Brazilian sugar mills' allocation of more sugarcane to ethanol production amid soaring gasoline prices. Also, Citigroup said a potentially strong El Niño weather pattern this year could have "a significant impact" on sugar production in India and Thailand over the next 6 to 12 months. Sugar prices are also supported by India's 4-month ban on sugar exports, which remains in effect until September 30, to protect local supplies. In addition, Datagro raised its 2026/27 global sugar surplus deficit estimate to -3.17 MMT from -2.26 MMT previously. Meanwhile, StoneX last Tuesday predicted that the global sugar market will fall into a -550,000 MT deficit during the 2026/27 season from a 2.3 MMT...
00:00 Scott Melker Donald Trump issued an executive order telling the Fed to consider giving the crypto industry master accounts. This is absolutely a huge move, especially when the crypto industry has had a contentious relationship with the bank regulators over the past half a decade. We're going to talk about that and everything else in the news today. Let's go. 00:46 Scott Melker What is up eve...
00:00 Scott Melker Donald Trump issued an executive order telling the Fed to consider giving the crypto industry master accounts. This is absolutely a huge move, especially when the crypto industry has had a contentious relationship with the bank regulators over the past half a decade. We're going to talk about that and everything else in the news today. Let's go. 00:46 Scott Melker What is up everybody? Welcome to The Daily Wolf here on Yahoo Finance. I'm your host, Scott Melker, also known as The Wolf of All Streets. You can find me right there at Scott Melker on all of your favorite social media platforms. Most of you probably still use Facebook. 01:12 Scott Melker If we're being honest. I don't even know if I'm at Scott Melker on Facebook. So, so don't look there. I haven't checked into that place in a very, very long time. But on Twitter and Instagram and the ones that actually matter, Scott Melker, the Scott Melker. So, we have a lot of news to unpack today. I would say that maybe the executive order is the biggest news that we've had in months. But first, we got to lay out a little timeline for how it happened because it's absolutely unbelievable. Now, obviously on Friday, we had Kevin Warsh approved. We'll get back to that in a second. 01:54 Scott Melker Then on Monday, of course, we had this piece of news right here. Elizabeth Warren presses OCC on approval of special charters for crypto companies seeking to act like banks while evading bank rules. So, this was on Monday, May 18th. She sent this to OCC Comptroller Jonathan Gould. Now, she was accusing the OCC of illegally approving nine national trust bank charters for crypto firms since December 2025. She says that these are a violation of the National Bank Act. And she specifically named Coinbase, Ripple, Paxos, Bitgo, Fidelity, 02:40 Scott Melker Circle, crypto.com, Stripe, and Protago. She says that uh the activities that are at issue here are staking, lending, stable coin issue, custody and payments. S...